Bitcoin on Monday shrugged off tensions in the Middle East, barely moving despite U.S. President Donald Trump vowing to hit Iran hard.
The price of the biggest cryptocurrency recently stood at $79,076, unmoved over a 24-hour period. The coin also hasn’t budged from where it stood seven days ago.
Geopolitical strife has this year hurt Bitcoin’s price, with the cryptocurrency typically facing downward pressure on news of war and rallied in hopes of a ceasefire.
When the U.S. and Israel first attacked Iran in February, the coin nosedived, and had been shaky on news of war in March and April.
But in recent months, Bitcoin’s volatility has been muted, according to analysts, and Monday was no different: President Trump promised to hit Iran again but the asset didn’t flinch.
